Sin City CFO

Sin City CFO Tax Saving Strategies , Bookkeeping & Virtual CFO for Online Business Owners

06/02/2026

If you’re self-employed, your next estimated tax payment is due June 15, 2026 with the IRS.

And this is where a lot of business owners get caught off guard.

No one is withholding taxes for you. The IRS expects entrepreneurs to pay throughout the year, not just at tax time.

That’s why estimated payments generally happen:
- April
- June
- September
- January

And yes, the June deadline feels weird because it mainly covers income from April and May.

If you don’t have a system for this yet, now’s the time to fix it before underpayment penalties start stacking up.

The good news? You can pay directly through IRS payment portals online.

If you need help setting this up or figuring out what you should be paying, send me a message.

related: june 15 2026 estimated tax deadline, quarterly taxes self employed, irs estimated payments 2026, underpayment penalties irs, how to pay quarterly taxes online

05/28/2026

A lot of people try to deduct clothing because they wear it for work.

But the IRS generally looks at Could you reasonably wear it outside of work?

If the answer is yes, even suits, designer outfits, or everyday fashion, it’s usually considered personal, not deductible.

Where things can become deductible:
- Costumes
- Stage outfits
- Required uniforms
- Clothing with large, clearly visible branding/logos used for advertising

A logo alone doesn’t automatically make it deductible, but it can help support a stronger business-use argument if the clothing is clearly tied to branding or promotion.

This is one of those areas where documentation and context matter more than people realize.

If you run a personal brand or create content and want to understand what may actually qualify, send me a message or book a call.

Listen to the full episode #81
“Build Your Wealth Muscle” podcast. Wherever you listen.

related: clothing tax deduction 2026, irs clothing deduction rules, can influencers deduct clothes, business expense clothing irs, branded clothing tax deduction

05/26/2026

In general, the IRS considers makeup a personal expense, which means it’s usually NOT deductible.

Where it can become a gray area is when it’s clearly tied to performance, production, or stage work.

Such as:

- Professional stage makeup
- On-camera production use
- Industry-specific cosmetic products

But remember used for content alone usually isn’t enough.

The stronger your documentation and business connection, the stronger the argument becomes.

This means keeping receipts, using a business card/account, documenting the shoot, event, or production use

And yes, professional-grade products used specifically for work generally create a cleaner argument than everyday personal-use makeup.

This is one of those areas where intent, usage, and documentation matter more than people realize.

If you create content or work in entertainment and want to understand what may actually qualify, send me a message or book a call.

Listen to the full episode #81
“Build Your Wealth Muscle” podcast. Wherever you listen.

related: makeup tax deduction 2026, irs personal vs business expenses, influencer tax deductions makeup, stage makeup tax write off, content creator business expenses

05/25/2026

If your physique is directly tied to your income, branding, or business model, there may be an argument for certain fitness-related expenses.

Think about
- Competition prep
- Stage events
- Branding photos
- Networking at industry events

For fitness influencers, coaches, or pro athletes, there’s sometimes a stronger business connection than people realize.

But remember, the IRS generally considers gym memberships, training, and personal fitness expenses to be non-deductible personal expenses.

That’s why this becomes a gray area.

The stronger you can connect the expense to actual business income, marketing, or revenue generation, the stronger the argument becomes but documentation matters A LOT.

This is definitely not a write everything off situation.

If you’re in the fitness industry and want to understand what may or may not qualify, send me a message or book a call.

Listen to the full episode #81
“Build Your Wealth Muscle” podcast. Wherever you listen.

related: fitness business tax deductions 2026, irs fitness expense rules, influencer tax deductions fitness, bodybuilding business expenses, personal vs business expenses irs

05/24/2026

Banks don’t care for your emergencies or needs.

They need to know you’re solid enough to pay them back.

They’re risk managers.

That’s why some businesses get approved easily and others keep getting told no. It’s usually not one thing, it’s a few weak spots adding up.

If you want to clean that up before you actually need funding, send me a DM.

related: business loan requirements 2026, 5 c’s of credit explained, how banks approve loans, small business financing tips, how to get approved for a loan

05/23/2026

The IRS doesn't wait till April to get paid.

Your Q2 estimated tax payment is due June 15, 2026 with the IRS.

If you missed Q1, you’re already accruing underpayment penalties. For 2026, the underpayment rate is approximately 6% to 7%.

The good news is that, the IRS is more interested in getting paid than punishing you. If you missed the first window, you can catch up now to stop the bleeding on future interest.

Whether you want help setting up your quarterly payments or just want guidance on what to ask your accountant, there’s still time to get ahead of it.

DM me if you need help getting your quarterly taxes organized before June 15.

related: june 15 2026 estimated tax deadline, q2 estimated tax payment, quarterly taxes self employed, irs estimated payments 2026, how to pay quarterly taxes

05/22/2026

The IRS wants your vacation home.

Most owners leave $10,000+ on the table, because they don’t know how to track mixed use.

If you rent it out but still use it personally, you don’t lose the deduction, just have to play by the rules.

The IRS looks at rental days vs. total days

You prorate your utilities, taxes, insurance, and interest.

Hosting a business retreat?

Stop paying for hotels and use your own asset.

But there must be a paper trail with the following:

Who: List every attendee.
Why: Specific business purpose.
What: Meeting minutes and decisions made.

The strategy only works if the activity is legitimate.

If you can’t prove it, it didn’t happen.

Want to structure your property to maximize your write-offs this year?

DM me STRATEGY or hit the link in my bio to book a call.

Listen to the full episode #90
“Build Your Wealth Muscle” podcast. Wherever you listen.

related: vacation rental tax rules 2026, airbnb tax deductions, rental property expense allocation, business retreat tax deductions, personal use rental property

09/20/2022

Fitness Coaches: We specialize in helping you save taxes & grow your money!

DM me any tax or money questions!

08/03/2022

Build Your WEALTH Muscle!

a podcast dedicated to helping Online Fitness Entrepreneurs with...

TAXES, FINANCES, ASSET PROTECT & BUSINESS STRATEGY!

On this episode...@ and I discuss...

- The biggest mistake she sees Fitness Coaches making
- What your FIRST hire should be?
- How much you should be spending on Marketing
- At the end Felicia shares his/her philosophy on building her Real Estate Legacy

If this episode brings you value or helped with your finances...please do me a favor and share it!

Link in bio to listen to full podcast episode!

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